F&C Asset Management's spat with Sherborne Investors continued today as the group posed a number of questions to the activist investor within its fourth quarter report.
F&C's purchases of Thames River and REIT could prove harmful to shareholders' interests, according to Sherborne Investors, which is seeking to oust the group's chairman Nick MacAndrew.
Peter Lees has boosted the performance of the F&C UK equity fund since taking over in April 2009.
F&C Asset Management is cutting 110 jobs as part of an outsourcing deal designed to save up to £12m a year.
Leading shares are mixed at the outset leaving the FTSE 100 barely changed, down 0.32% or 19 points to 6,004, although tech firm ARM received a boost.
Property financier Sir John Beckwith is backing the launch of a new hedge fund, in partnership with Icap boss Michael Spencer.
JO Hambro Capital Management has hired a pair of former Thames River European fund managers to launch a dynamic fund next month.